Business & Finance 14 August 2024, 8:15 pm 1 minute Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second quarter. A regulatory filing reviewed by Reuters showed that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike, amounting to … Read more
Business & FinanceEconomy 19 August 2024, 8:25 pm 1 minute Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, in what would be the nation’s biggest IPO in roughly six years. The … Read more
Business & Finance 20 August 2024, 8:33 pm 1 minute Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration … Read more
A “Now Hiring” sign is posted in the drive thru of a McDonald’s restaurant on July 07, 2021 in San Rafael, California. Justin Sullivan | Getty Images More wage hikes are coming across U.S. states in 2024 and many Main Street businesses may feel the pinch. Not only are wages generally up from year-ago figures … Read more
Products in a loading bay at an Amazon fulfillment center on Prime Day in Melville, New York, US, on Tuesday, July 11, 2023. Bloomberg | Bloomberg | Getty Images Amazon may be the epitome of big business, but more than 60% of the behemoth’s sales last year came from small- and medium-sized businesses. Small businesses rely on … Read more
Open enrollment season can be a time of trepidation for the self-employed. The stakes are especially high because if you need to buy individual or family coverage, the next few weeks could be your only chance for 2024, barring certain exceptions such as moving to a different state, getting married, divorced or having a child. … Read more
China’s central bank has unveiled a major package of measures aimed at reviving the country’s flagging economy. People’s Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending. The move comes after a series of disappointing data has increased expectations in recent months that the … Read more
Nick Martin, co-founder and CEO of Joe Coffee, is so concerned about the state of the economy that he’s looking for ways his company can save money. One main area for cuts: software. Martin started the Seattle-based company with his brother, Brenden, to help local coffee shops better compete with Starbucks, by making it easier … Read more
TOKYO — Japan’s top diplomat asked China to ensure the safety of Japanese citizens there after the fatal stabbing of a Japanese schoolboy, and demanded a crackdown on what she called “groundless, malicious and anti-Japanese” social media posts that threaten children’s safety. Foreign Minister Yoko Kamikawa requested her Chinese counterpart, Wang Yi, conduct a full … Read more
Like many workers, saving for retirement wasn’t a priority for Mark Zimmermann. The 72 year old thought he’d always run the family dairy farm in Wisconsin, but that didn’t go as planned. “I struggled farming, I had too many disasters and was never able to put any money away,” Zimmermann told CNBC, speaking from an … Read more